Shirble Department Store Holdings (China) Limited Announces Extraordinary General Meeting to Approve Extension of Consultancy Fees Settlement

Key Points for Investors:

• Date of EGM: Thursday, 19 March 2026, at 11:00 a.m.
• Location: Suite 2602-03, 26/F, BEA Tower, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kowloon, Hong Kong
• Main Agenda: Shareholders will vote on approving, confirming, and ratifying a supplemental agreement (“Consultancy Fees Payment Extension Agreement”) for the further extension of overdue consultancy fees settlement between two key subsidiaries.
• Parties Involved in the Agreement:
  • Huai’an Runleju Engineering Construction Co., Ltd.
  • Shenzhen Shengrunfeng Investment & Development Co., Ltd.
• Date of the Supplemental Agreement: 30 December 2025
• Authorisation Sought: Directors to be empowered to execute all relevant documents and actions to complete the transactions contemplated by the agreement.

Detailed Overview and Potential Share Price Impact

Shirble Department Store Holdings (China) Limited has called for an Extraordinary General Meeting (EGM) to seek shareholder approval for a significant supplemental agreement related to overdue consultancy fees. The agreement, signed on 30 December 2025, is between Huai’an Runleju Engineering Construction Co., Ltd. and Shenzhen Shengrunfeng Investment & Development Co., Ltd., both of which are subsidiaries or closely related parties to the Group.

The purpose of this supplemental agreement is to further extend the settlement period of certain overdue consultancy fees. The agreement signals ongoing financial dealings between related parties and the need for additional time to resolve financial obligations. This could be interpreted by investors as an indicator of short-term liquidity management or cash flow challenges within the group, which may have implications for the company’s financial health and, consequently, its share price.

Shareholder approval is being sought to not only ratify the agreement but also to grant directors broad authority to take all necessary actions to implement the terms and complete the transactions contemplated in the extension agreement.

Important for Shareholders:

• The EGM is a key event, as approval (or rejection) of the agreement could impact the company’s ability to manage its outstanding financial obligations and maintain stable business relationships with related parties. Any perceived financial stress or cash flow issues can be price sensitive.
• The meeting will also close the register of members from 16 March 2026 to 19 March 2026 (both days inclusive), and only shareholders registered by 4:00 p.m. on 13 March 2026 will be eligible to attend and vote at the EGM. This could affect trading liquidity around these dates.
• If severe weather or government warnings (such as Typhoon Signal No. 8, black rainstorm, or “extreme conditions after super typhoons”) are in force three hours before the meeting, the EGM will be postponed, and a new date will be announced via the company’s website and the Hong Kong Stock Exchange.

The outcome of this EGM may be closely watched by investors, as a failure to resolve overdue consultancy fees could impact Shirble’s financial position and market confidence. Conversely, a smooth approval may reassure the market of the company’s governance and continuity of operations.

Directors and Management

• Executive Directors: Ms. HUANG Xue Rong (Chairlady), Mr. YANG Ti Wei (Deputy Chairman and CEO)
• Independent Non-Executive Directors: Mr. CHEN Fengliang, Mr. JIANG Hongkai, Mr. TSANG Wah Kwong

Action Required: Shareholders are encouraged to review the proxy materials and submit their voting instructions before the deadline, or attend the EGM in person to participate in this significant corporate decision.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence or consult professional advisors before making investment decisions. The information is based on official company disclosures as of 26 February 2026.

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